NI Holdings, Inc. (NASDAQ:NODK) Short Interest Down 26.5% in December

NI Holdings, Inc. (NASDAQ:NODK) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 30,088 shares, a drop of 26.5% from the December 15th total of 40,961 shares. Based on an average trading volume of 15,719 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 15,719 shares, the days-to-cover ratio is currently 1.9 days.

NI Trading Down 0.1%

Shares of NODK stock traded down $0.01 on Monday, reaching $13.30. The company had a trading volume of 7,388 shares, compared to its average volume of 10,614. The stock has a market cap of $274.11 million, a PE ratio of 102.31 and a beta of 0.38. The company has a 50-day moving average of $13.54 and a 200-day moving average of $13.32. NI has a 12 month low of $12.01 and a 12 month high of $15.41.

NI (NASDAQ:NODK) last released its quarterly earnings data on Friday, November 7th. The company reported ($0.08) earnings per share for the quarter. NI had a return on equity of 1.05% and a net margin of 0.87%.The firm had revenue of $76.57 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of NI from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NI has a consensus rating of “Sell”.

Institutional Trading of NI

A number of large investors have recently made changes to their positions in NODK. Nisa Investment Advisors LLC lifted its holdings in NI by 150.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock worth $25,000 after acquiring an additional 1,200 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of NI by 158.7% in the third quarter. Russell Investments Group Ltd. now owns 4,083 shares of the company’s stock worth $55,000 after acquiring an additional 2,505 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of NI during the first quarter worth about $143,000. AE Wealth Management LLC bought a new position in shares of NI during the 3rd quarter valued at about $151,000. Finally, Empowered Funds LLC lifted its holdings in shares of NI by 3.8% during the 1st quarter. Empowered Funds LLC now owns 21,850 shares of the company’s stock valued at $312,000 after purchasing an additional 796 shares in the last quarter. Institutional investors own 21.89% of the company’s stock.

NI Company Profile

NI Holdings, Inc underwrites property and casualty insurance products in the United States. Its products include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies. The company was founded in 1946 and is headquartered in Fargo, North Dakota. NI Holdings, Inc operates as a subsidiary of Nodak Mutual Group, Inc